Shubhlaxmi Jewel IPO Description – Shubhlaxmi Jewel is engaged in the retail and wholesale business of various jewelleries and ornaments made out of gold, silver, diamonds and platinum studded with precious and semi-precious stones. Its portfolio includes necklace, mangalsutra, patla, chains, mala, kandoro, poncho, payal, rings, armlets, pendants, bracelets, bangles and other wedding jewelleries. The ornaments are made to order as per specific requirements by the customers and the same are manufactured by third party manufacturers on job work basis. The company also purchases readymade jewellery from independent jewellers.
Promoters of Shubhlaxmi Jewel Art – Narendrasinh Chauhan and Jitendrakumar Chauhan
| Shubhlaxmi Jewel Art IPO details | |
| Subscription Dates | 22 – 27 November 2018 |
| IPO Price band | INR26 per share |
| Fresh issue | 2,504,000 shares (INR6.51 crore) |
| Offer for sale | Nil |
| Total IPO size | 2,504,000 shares (INR6.51 crore) |
| Minimum bid (lot size) | 4,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge SME platform |
Use of funds
- Working Capital Requirements – INR5.2 crore
- General Corporate Purpose
- Issue Expenses
| Shubhlaxmi Jewel Art’s financial performance (in INR crore) | ||||||
| FY2014 | FY2015 | FY2016 | FY2017 | FY2018 | ||
| Total revenue | 6.98 | 45.14 | 47.43 | 43.44 | 46.85 | |
| Total expenses | 6.93 | 43.22 | 46.90 | 42.49 | 45.58 | |
| Profit after tax | 0.03 | 1.29 | 0.37 | 0.65 | 0.82 | |
Shubhlaxmi Jewel Art’s Contact Details
Shubhlaxmi Jewel Art Limited
Shop No. 1, Ground Floor, “D & I Excelus”
Waghawadi Road
Bhavnagar – 364002, Gujarat
Phone: +91 278 2562600
Email: [email protected]
Website: www.shubhlaxmiltd.in
Shubhlaxmi Jewel IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.36 |
| Day 2 | 0.94 |
| Day 3 | 4.00 |
Shubhlaxmi Jewel Valuation (For FY2018)
Earnings Per Share (EPS): INR1.42
Price/Earnings (P/E) ratio: 18.31
Return on Net Worth (RONW): 14.86%
Net Asset Value (NAV): INR9.57 per share
Registrar of Shubhlaxmi Jewel IPO
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]
Website: http://www.linkintime.co.in
Shubhlaxmi Jewel IPO Allotment Status
Shubhlaxmi Jewel IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.
Listing performance of Shubhlaxmi Jewel
IPO Opening Date: 22 November 2018
IPO Closing Date: 27 November 2018
Listing Date: 4 December 2018
Listing Price on NSE SME: INR27.1 per share (up 4.23% from IPO price)
Closing Price on NSE SME: INR27.2 per share (up 4.62% from IPO price)
